Media stories about Olympic Steel (NASDAQ:ZEUS) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Olympic Steel earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 48.0159374429181 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
ZEUS has been the topic of several recent analyst reports. Zacks Investment Research upgraded Olympic Steel from a “hold” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a research note on Tuesday, November 14th. BidaskClub upgraded Olympic Steel from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Finally, KeyCorp reiterated a “hold” rating on shares of Olympic Steel in a research note on Friday, November 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Olympic Steel presently has an average rating of “Hold” and an average target price of $20.50.
Shares of Olympic Steel (NASDAQ ZEUS) traded up $0.13 on Wednesday, hitting $23.01. The stock had a trading volume of 23,899 shares, compared to its average volume of 139,130. Olympic Steel has a one year low of $15.83 and a one year high of $25.84. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.30 and a current ratio of 3.78. The company has a market cap of $255.60, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 1.56 and a beta of 1.86.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $0.02 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.08 annualized dividend and a dividend yield of 0.35%. Olympic Steel’s payout ratio is 4.79%.
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About Olympic Steel
Olympic Steel, Inc is a metals service center. The Company provides metals processing and distribution services for a range of customers. The Company operates through three segments: carbon flat products, specialty metals flat products, and tubular and pipe products. The Company’s carbon flat products segment’s focus is on the direct sale and distribution of large volumes of processed carbon and coated flat-rolled sheet, coil and plate products and fabricated parts.
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